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☆ Spain's BBVA takes aim again at $10 billion Sabadell
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: +2 min

The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Talk of a tie-up between Spain's second and fourth-largest banks comes almost four years after previous negotiations collapsed. The potential merger follows a period of consolidation in the sector as Spanish banks seek to cut costs and boost scale. For BBVA, a tie-up would boost its domestic business and increase lending to small and medium-sized companies, where Sabadell is strong. Spain's Economy Minister Carlos Cuerpo told Spanish news agency EFE that it was essential to preserve a competitive landscape in the financial sector.

Persons: BBVA's, Onur Genc, Carlos Torres, Joaquin Robles, JP Morgan, Carlos Cuerpo, EFE Organizations: BBVA, Sabadell, XTB, Unicaja, UBS, JPMorgan Locations: Spanish, Madrid, Spain, Santander's

☆ Amazon agrees deal with most Spanish workers over Cyber Monday walkout
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The logo of U.S. online retailer Amazon is displayed at a logistics centre in Trapagaran, northern Spain, November 22, 2023. Around 20,000 warehouse and delivery workers at Amazon's Spanish unit had been urged to walk out to demand better pay and working conditions on the so-called Cyber Monday discount day, when retailers aim to boost Christmas gift buying. "We are proud of the wages, benefits and safer working conditions that will be provided to our employees in Spain," Amazon added. CCOO said it would continue negotiations with the company to improve pay and conditions at the local unit. Amazon logistics workers on both sides of the Atlantic have complained about working conditions, with groups of workers and activists across Europe protesting against the U.S. e-commerce giant as recently as Friday.

Persons: Vincent West, Douglas Harper, CCOO, Corina Pons, Mark Potter Organizations: REUTERS, Rights, U.S, Amazon, Thomson Locations: Trapagaran, Spain, Rights MADRID, U.S, Europe, Britain, Germany, France, Italy

☆ Amazon hit by strikes, protests across Europe during Black Friday trade
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

"Make Amazon Pay", a campaign coordinated by the UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday - the day after the U.S. Thanksgiving holiday, when many retailers slash prices to boost sales - through to Monday. In Germany, Amazon's second-biggest market by sales last year, around 250 workers were on strike at a Leipzig warehouse and around 500 at an Amazon warehouse in Rheinberg, trade union Verdi said on Friday. More than 200 workers were striking on Friday at Amazon's warehouse in Coventry, England as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Amazon, CGIL, CCOO, Helen Reid, James Davey, Phil Noble, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: UNI Global Union, U.S, Amazon, Castel, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Leipzig, Rheinberg, Amazon's, Coventry, England, Castel San Giovanni, France, London, Dusseldorf, Milan, Madrid

☆ Amazon protests in Europe target warehouses, lockers on busy Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

On Black Friday, the day after the U.S. Thanksgiving holiday, many retailers slash prices to boost sales. More than 1,000 workers at Amazon's warehouse in Coventry, England, will strike on Friday, according to trade union GMB, as part of a long-running dispute over pay. Many Amazon shoppers use its lockers, which are located in train stations, supermarket car parks, and street corners, to receive their orders. Attac, which calls Black Friday a "celebration of overproduction and overconsumption", said it expects the protest to be wider than last year, when it estimates 100 Amazon lockers across France were targeted. "Make Amazon Pay", a global campaign coordinated by UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday through to Monday.

Persons: Pascal, Amazon's, Verdi, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: Workers, U.S, Amazon, GMB, Trade, Amazon's, Castel, UNI Global Union, Thomson Locations: Boves, France, Europe, U.S, Germany, Bad Hersfeld, Dortmund, Koblenz, Leipzig, Amazon's, Coventry , England, London, Castel San Giovanni, Black, Dusseldorf, Milan, Madrid

☆ Amazon hit by strikes, protests across Europe during Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +4 min

In England, more than 200 workers were striking on Friday at Amazon's warehouse in Coventry as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. [1/4]People hold a banner during a Black Friday strike outside the Amazon warehouse, in Coventry, Britain November 24, 2023. Spanish union CCOO called for Amazon warehouse and delivery workers to stage a one-hour strike on each shift on "Cyber Monday" next week. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Phil Noble, Amazon, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Nick Zieminski, Jason Neely Organizations: UNI Global Union, U.S, Amazon, REUTERS, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Rheinberg, Leipzig, England, Amazon's, Coventry, Britain, Italy, Castel San Giovanni, Spanish, France, London, Dusseldorf, Milan, Madrid

☆ Amazon's logistics workers in Spain plan Cyber Monday walk-outs
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. There are three working shifts a day at Amazon in Spain. Cyber Monday is the first working day after Thanksgiving, an important date for retailers as consumers return to work and start ordering Christmas gifts. Logistics workers at Amazon on both sides of the Atlantic have complained about working conditions and unionisation is starting to build pressure on the company. Amazon has grown fast Spain in the past couple of years in both logistics for its e-commerce business and data centres to support its cloud computer unit, Amazon Web Services.

Persons: Pascal, CCOO, Douglas Harper, Inti Landauro, Andrei Khalip, Susan Fenton Organizations: REUTERS, Rights, Amazon, Reuters, CCOO, Logistics, Amazon Web Services, Thomson Locations: Lauwin, France, Rights MADRID, Amazon's, Spain, U.S, United States, Britain

☆ Turkish food delivery startup Getir to leave Spain, union says
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

MADRID, June 30 (Reuters) - Turkish delivery startup Getir will cease its business in Spain and lay off its entire workforce there of 1,560 after failing to raise enough capital in a recent funding round, Spain's biggest trade union CCOO said on Friday. "We condemn the disastrous business management of Getir, which has not known how to grow or have a market strategy in Spain," the union said in a statement. Spain's food delivery market is dominated by Delivery Hero (DHER.DE)-owned Glovo, the Netherlands' Just Eat Takeaway (TKWY.AS) and Uber Eats (UBER.N), all three of which gained market share after Britain's Deliveroo (ROO.L) exited the country in late 2021. Getir Spain did not immediately reply to a request for comment. However, in an April deal, Getir reportedly only raised about $500 million, cutting its valuation almost in half to $6.5 billion.

Persons: CCOO, Britain's Deliveroo, Getir, Le Monde, Flink, David Latona, Sudip Kar, Gupta, Louise Heavens Organizations: Getir, Financial Times, Thomson Locations: MADRID, Spain, Netherlands, Getir Spain, France, Getir France, Istanbul, Getir, Paris

☆ Madrid joins race for high-spending tourists with bet on five-star hotels
▼ + stars: | 2023-06-27 | by ( Corina Pons | ) www.reuters.com time to read: +5 min

[1/5] A swimming pool is seen at the top of Hyatt's Thompson Madrid Hotel, overlooking central Madrid, Spain, June 13, 2023. RISING ROOM RATESThe arrival of luxury hotels has marked a new peak in room rates. "We're seeking to capture the highest-spending international tourists," said Madrid's tourism director, Luis Martin. Employment in Madrid's tourism sector has grown by 15% since 2019, compared with 5.4% nationally. "The Spanish tourism sector has always tried to compete with other destinations on low prices," he said.

Persons: Hyatt's, Violeta Santos Moura, Santo Mauro, Richard Brekelmans, ”, Carlos Erburu, Thompson, Antonio Catalan, Alejandro Pitashny, Luis Martin, Jose Maria Martinez, Corina Pons, Belen Carreño, Charlie Devereux, Hugh Lawson Organizations: Madrid Hotel, REUTERS, Violeta Santos Moura MADRID, Hotels, Puerta del Sol, Dior, Marriott, Santo, Santo Mauro Palace, Westin, Ritz, Universal Music, Southern, Madrid, Colliers, Hyatt Hotels Corp, Reuters, Robuchon, Michelin, Airlines, Air, Thomson Locations: Madrid, Spain, Europe, Paris, London, Milan, Puerta del, Southern Europe, Barcelona, United States, Rome, Argentine, Iberia, America, Air China, China, Spanish

☆ Zara owner Inditex agrees to 20% pay rise in Spain -union groups
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

MADRID, Feb 9 (Reuters) - Zara owner Inditex reached an agreement to raise salaries in its Spanish stores by an average 20%, Spain's two largest unions, CCOO and UGT, said on Thursday night. The salary increases reached as much as 40% in the areas of Spain that were the least well paid, UGT said in a statement. Union groups said Inditex also agreed to continue increasing salaries in line with inflation over the next three years. In November, Inditex had agreed with UGT and CCOO to pay a one-off bonus of 1,000 euros in February for all full-time shop assistants employed across Spain, and now it has agreed to pay the same bonus next year. Inditex employs 165,000 people in 177 countries, with a third of all staff based in Spain, according to its annual report.

☆ H&M agrees to pay a 500 euro bonus to 4,000 workers in January
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

MADRID, Dec 21 (Reuters) - Swedish fashion retailer H&M (HMb.ST) agreed to pay a 500 euro ($530) bonus to some 4,000 shop workers in Spain in January, two unions said on Wednesday, after its arch-rival Inditex (ITX.MC) offered 1,000 euros to its home country shop assistants. The world's biggest fashion retailers are responding to demands from their workers for higher pay to offset soaring consumer prices. The Sweden-based fashion retailer will pay 500 euros to all its shop workers who have been employed in Spain at least since January 2022. The company will pay 250 euros to those who have worked at least six months. Soaring consumer prices have pushed unions in Spain to press sometimes reluctant employers for pay raises.

☆ Spanish shopworkers' unions to discuss wages with Zara bosses
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

MADRID, Nov 16 (Reuters) - Trade unions representing about 1,000 Zara shop assistants in the Spanish apparel maker's hometown of A Coruña will meet with the company on Thursday to negotiate a pay rise, a union leader said. Zara owner Inditex (ITX.MC) has so far offered a rise of 183 euros per month, staggered over three years, on salaries that range between 1,058 euros and 1,400 euros a month, Naveiro said. Representatives of the company's two largest unions, UGT and CCOO, confirmed they will also attend the meeting. "We're placing our bets on negotiations because Inditex is sitting at the table," Lucia Trenor, a union leader at CCOO said. The shop assistants want to be paid the same as workers at the company's logistics centres, who earn about 2,000 euros a month.

MADRID/BARCELONA, Sept 21 (Reuters) - Spain has fined Delivery Hero's (DHER.DE) local business Glovo 79 million euros ($78 million) for allegedly violating labour laws, its labour minister Yolanda Diaz said on Wednesday. "(Glovo) has violated fundamental labour rights and they have obstructed the work of the investigation. In May 2021, Spain passed one of Europe's first laws relating to gig-economy workers' rights, requiring riders for food delivery platforms be made employees on formal labour contracts. A woman wearing a protective face mask amid the outbreak of the coronavirus disease (COVID-19) walks past Glovo food delivery couriers in Kyiv, Ukraine August 6, 2020. REUTERS/Valentyn Ogirenko/File PhotoBut some, such as 19-year-old Glovo rider Giancarlo from Peru, said they have still not been offered a formal contract.

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